The Basics of How to Establish Corporate Credit for Your B2B Company

Establishing business credit, also known as corporate credit, can be a daunting task for B2B companies. But, if you plan to grow your business, it’s something that simply must be done early in the game. In order get approved for high limit business lines of credit, business real estate mortgages, even business loans, you’ll need established credit. That means you’ll have to start to establish corporate credit now, so you won’t have set-backs later when you need it. Corporate Credit Basics One of the major business credit mistakes owners often make is not keeping personal credit separate from corporate credit. This is a definite no-no. The two should never be mixed, intertwined or merged in any way. The three main factors that affect business credit include: Time your business has been operating Size of the assets owned by your business Payment history records of various creditors Learn the basic of how to establish corporate credit from Ghetto Search Dot Com Image Source: Columbia REIA Each of these components is very important as you establish corporate credit for your B2B company. Once business credit is established, it’s important to make smart decisions when using lines of credit, credit cards, etc… to […]

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4 Reasons Why Good B2B Customer Service is So Critical

Every company wants repeat business from its clients. That means providing excellent customer service your clients can rely on each and every time. But, B2B customer experiences aren’t quite like those of B2C companies. That means tailoring your B2B customer service approaches to meet the needs of your types of clients. How to Provide Excellent B2B Customer Service Here are four tools to help you provide the quality of customer service your B2B expect from vendors: 1. Each Individual B2B Customer is Vital to Survival With B2Bs, each individual transaction could add up to hundreds, even thousands of dollars. Therefore, losing just one loyal customer could be detrimental to the B2B company’s survival. And, the only way to create customer loyalty is to create and nurture happy clients, providing high quality B2B customer service. B2B Customer Service is much more critical for the companies survival than that of B2C businesses. Image Source: Pay Anywhere 2. B2B Companies Love Verifiable Data When it comes to winning over B2B clients, actionable data rules. They want to see data related to trends, sales, traffic, etc… In other words, the more numbers you can provide, the better. 3. B2Bs Compete for Service Quality B2B […]

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